ISOG Forum Focuses on Securing Banking in Metaverse – Back End News

As Metaverse materializes, the Information Security Executives Group (ISOG) emphasizes the need to protect the banking industry as the threats could be monumental in the ecosystem. At the ISOG “Metaverse I am Secure” forum, more than 500 C-level executives, local and international decision makers, experts and cyber leaders held in-depth discussions on ensuring cybersecurity in the Metaverse.

ISOG is the leading professional information security organization in the Philippines.

Information security professionals are advised to strengthen their organization’s security strategy as the financial sector is highly exposed to cyber threats and the same would be true in the Metaverse. The forum held on May 19 is the first installment of its 2022 Virtual Cybersecurity Forum Series and was themed “Crossing Beyond the Realm of Cyberspace.”

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“It is imperative that we keep ourselves informed of new developments offered in the metaverse, allowing us to familiarize ourselves not only with the opportunities it offers, but more importantly with the challenges that come with it,” said Archie Tolentino, President, ISOG and Chief Information Technology Security Officer, Land Bank of the Philippines.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno was the keynote speaker while Sam George, Vice President of Microsoft Azure IoT provided insights on mixed reality and metaverse applications.

Security risks

The forum also discussed challenges, risks, technologies, and opportunities in the metaverse from presentations by event sponsors. Thought leaders who spoke at the forum included Dennis Sanchez, Chief Information Security Officer (CISO) of Trends and Technologies Inc, Phillip Wylie, CyCognito Technology Evangelist and Chief Enabling Officer, and Checkmarx Business Engineering Manager for Asia-Pacific (APAC), Middle East and Africa. LyeHee Tan, Efficient IP APAC Channel Account Manager Donald Teo and Regional Distributed Cloud Specialist F5 Asean (via Westcon) Srinivas Rao.

“This event forum is a great way for stakeholders to discuss important and pressing issues regarding the metaverse in banking,” said Chito Jacinto, vice president of ISOG, who also chaired the forum’s committees and rewards. “Our strategic response in forming the standardized regulations in the metaverse for the industry helps us understand the insights and, therefore, design an effective solution that benefits all stakeholders.”

Forum delegates also participated in the panel discussion titled “Entering the Metaverse Ecosystem and Addressing Digital Security in the Metaverse.” The panelists were event speaker sponsors Cycognito APAC Sales Engineering Manager Hans Barre and Red Rock Security Operations Manager Paul Prantilla. The roundtable was moderated by PSBank ISOG and CISO Treasurer Dan Duplito and Philippine Veterans Bank ISOG and CISO Deputy Treasurer Alvin Punsalan.

Future forum

Hundreds of delegates also won raffle items and received premium giveaways such as the ISOG self-heating hotbox meal and virtual reality box.

Organized by XMS, the Metaverse 2022 Forum Series is one of ISOG’s Cybersecurity Awareness Programs in partnership with Banko Sentral ng Pilipinas, Bankers Association of the Philippines, National Life Safety Commission private sector and the Department of Information and Communications Technology. ISOG’s media partners were the Philippine Daily Inquirer, Business World, DIGI.PH and Back End News.

The remaining Metaverse Forum Series events will be held virtually on June 23, July 2, and September 1.

Since 2015, ISOG has been organizing programs and events to build cybersecurity awareness and secure network infrastructure in the Philippines. For more details on ISOG and its campaigns, visit the official ISOG website at http://www.isog-org.ph and social media at tLinkedIn: ISOG (Information Security Officers Group) , Facebook: ISOGPH, YouTube Channel: ISOG SUMMIT.

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